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In finance, a bond is a type of security under which the issuer owes the holder a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. [1])
Uncut bond coupons on 1922 Mecca Temple (NY, NY, U.S.A.) construction bond In finance, a coupon is the interest payment received by a bondholder from the date of issuance until the date of maturity of a bond.
Indonesia Stock Exchange (IDX) (Indonesian: Bursa Efek Indonesia (BEI), formerly Dutch: Vereniging voor de Effectenhandel) is a stock exchange based in Jakarta, Indonesia.It was previously known as the Jakarta Stock Exchange (JSX) before its name changed in 2007 after merging with the Surabaya Stock Exchange (SSX).
The notion of securitizing catastrophe risks became prominent in the aftermath of Hurricane Andrew, notably in work published by Richard Sandor, Kenneth Froot, and a group of professors at the Wharton School who were seeking vehicles to bring more risk-bearing capacity to the catastrophe reinsurance market.